Latest financial news.Cometa falls from the sky, 05/18/04Cometa Networks plans to announce Wednesday that it will shut down, after its investors and board of directors decided to pull the plug on the fledgling Wi-Fi hot spot service provider, a spokeswoman …https://www.nwfusion.com/net.worker/news/2004/0518cometfalls.html?nl HP Q2 revenue up on strong software sales, 05/18/04Spurred by strong sales in its personal systems and software groups, HP on Tuesday reported revenue of $20.1 billion and net earnings of $884 million for the second quarter of its fiscal 2004 year, which … https://www.nwfusion.com/news/2004/0518hpq2re.html?nlHammerhead, CoSine ally with Fujitsu, 05/18/04Fujitsu is broadening a marketing alliance designed to transition carriers from legacy to new services and infrastructures.https://www.nwfusion.com/edge/news/2004/0518fujitsu.html?nlSun chooses head for x86 division, 05/18/04One month after a major executive shake up at Sun, the dust appears to be settling a bit. The company has now appointed former Chief Technology Officer of Software John Fowler as executive vice … https://www.nwfusion.com/news/2004/0518sunchoos.html?nlLucent settles with SEC, is hit with $25 million fine, 05/18/04Federal regulators charged Lucent on Monday with conducting an accounting fraud of over $1.1 billion, amid allegations that employees falsified documents, cut secret deals with customers …https://www.nwfusion.com/edge/news/2004/0518lucensettl.html?nl MCI cuts 7,500 more jobs, 05/17/04As its revenue continues to slip, MCI is set to lay off another 7,500 employees by next month, a purge that would bring the company’s total job cuts to 34,500 – almost half the workforce – in just less than two years.https://www.nwfusion.com/news/2004/0517mci.html?nlOpinion: MCI’s marching orders, 05/17/04When WorldCom went into Chapter 11, image tarnished with accounting issues, it was a milestone in the telecom industry, a kind of official ending for the bubble period. Now MCI has been reborn, and its re- …https://www.nwfusion.com/columnists/2004/0517nolle.html?nlOracle cuts PeopleSoft offer to $7.7 billion, 05/14/04Oracle has reduced its offer to acquire PeopleSoft to $21 per share, or approximately $7.7 billion, in order to bring the offer in line with the reduced value of PeopleSoft’s shares, Oracle said Friday.https://www.nwfusion.com/news/2004/0514oraclcuts.html?nlGrand jury subpoenas Nortel documents, 05/14/04A federal grand jury in Texas has issued a subpoena for documents, including financial statements and accounting records, from Nortel, the company announced Friday.https://www.nwfusion.com/edge/news/2004/0514grandjury.html?nlIntel’s Fister named CEO at Cadence Design Systems, 05/14/04Mike Fister, formerly head of Intel’s server processor group, left the company this week to become president and CEO of Cadence Design Systems, Cadence said Wednesday.https://www.nwfusion.com/news/2004/0514intelfister.html?nlSBC president resigns, 05/14/04SBC President William Daley resigned this week, shortly after SBC named a new COO.https://www.nwfusion.com/edge/news/2004/0514sbcprez.html?nlHP buys two service management firms, 05/13/04Continuing its acquisition spree, HP this week announced it is buying two companies that specialize in IT best practices.https://www.nwfusion.com/news/2004/0513hpbuy.html?nlDell Q1 revenue, net income up sharply once again, 05/13/04Dell’s first-quarter revenue and net income soared on strong sales of high-margin products such as servers and notebooks, the company said Thursday.https://www.nwfusion.com/news/2004/0513dellq1.html?nl Related content news DRAM prices slide as the semiconductor industry starts to decline TSMC is reported to be cutting production runs on its mature process nodes as a glut of older chips in the market is putting downward pricing pressure on DDR4. By Sam Reynolds Nov 29, 2023 3 mins Flash Storage Technology Industry news analysis Cisco, AWS strengthen ties between cloud-management products Combining insights from Cisco ThousandEyes and AWS into a single view can dramatically reduce problem identification and resolution time, the vendors say. By Michael Cooney Nov 28, 2023 4 mins Network Management Software Cloud Computing opinion Is anything useful happening in network management? Enterprises see the potential for AI to benefit network management, but progress so far is limited by AI’s ability to work with company-specific network data and the range of devices that AI can see. By Tom Nolle Nov 28, 2023 7 mins Generative AI Network Management Software brandpost Sponsored by HPE Aruba Networking SASE, security, and the future of enterprise networks By Adam Foss, VicePresident Pre-sales Consulting, HPE Aruba Networking Nov 28, 2023 4 mins SASE Podcasts Videos Resources Events NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe